Multiple prisoner's dilemma games with (out) an outside option: An experimental study

Esther Hauk

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: Experiments in which subjects play simultaneously several finite prisoner's dilemma supergames with and without an outside option reveal that: (i) subjects use probabilistic start and endeffect behaviour, (ii) the freedom to choose whether to play the prisoner's dilemma game enhances cooperation, (iii) if the payoff for simultaneous defection is negative, subjects' tendency to avoid losses leads them to cooperate; while this tendency makes them stick to mutual defection if its payoff is positive.

Keywords: Prisoner's dilemma; cooperation; exit; experiments; loss aversion; Leex (search for similar items in EconPapers)
JEL-codes: C14 C72 C78 C91 (search for similar items in EconPapers)
Date: 1999-04
New Economics Papers: this item is included in nep-cdm, nep-exp, nep-gth and nep-ind
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Journal Article: Multiple Prisoner's Dilemma Games with(out) an Outside Option: an Experimental Study (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:391

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